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What would craigs monthly payment be

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Reference no: EM131796627

Problem

Craig has a credit card debt of $3,800, and the card's APR is 18.5%.

If Craig wants to pay it off in 12 months, what would his monthly payment be? Round to the nearest cent.

If he pays it off in 12 months, how much total interest will he have paid when the debt is gone? Round to the nearest cent.

Reference no: EM131796627

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